Breaking News
Get 45% Off 0
🛎 See market moves for S&P 500, Nasdaq and more before the opening bell
View Indices Futures

Currency Majors Technical Analysis - Asian Session

By Jan 16, 2008 07:00PM ET
www.investing.com/analysis/technical/currency-majors-technical-analysis---asian-session-3668
Currency Majors Technical Analysis - Asian Session
By   |  Jan 16, 2008 07:00PM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 

EUR/USD - Euro Dollar

1,4644. EUR USD is in a consolidation after the last bearish movement. The volatility is low. Bollinger bands are flat. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR USD. 1H ForexSto (Modified Stochastic) crosses and gives a negative signal. The consolidation should continue. The price should continue to move in Bollinger bands. The price should find a support above 1,4600. If the support is broken then the target will be 1,4400.

Resistances

1,4710 - 1,4770

Supports

1,4600 - 1,4550

more information on EUR/USD - Euro Dollar Click Here

AUD/USD - Australian Dollar US Dollar

0,8764. AUD USD is in a consolidation after the last bearish movement. AUD USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Bollinger bands are flat. Oscillators are neutral. The price should continue to move in 0,8700 / 0,9000 range. We won't take a position. The risk/reward ratio is too high to take a position..

Resistances

0,8800 - 0,8870

Supports

0,8750 - 0,8700

more information on AUD/USD - Australian Dollar US Dollar Click Here

EUR/AUD - Euro Australian Dollar

1,6686. EUR AUD is in a range between 1,6500 and 1,6900. EUR AUD moves without trend and swings around exponential moving averages (EMA 50 and 100). Bollinger bands are flat. Oscillators are neutral. The price should continue to move in 1,6500 / 1,6900 range. The targets are 106,50 (+100 pips) 106,00 (+150 pips) 105,50 (+200 pips). The risk/reward ratio is too high to take a position..

Resistances

1,6730 - 1,6900

Supports

1,6550 - 1,6500

more information on EUR/AUD - Euro Australian Dollar Click Here

USD/CAD - US Dollar Canadian Dollar

1,0301. USD CAD is in an uptrend supported by 1H exponential moving averages. The volatility rises. Bollinger bands are deviated. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bullish configuration. The uptrend should continue on 1,0450 (150 pips) resistance.

Resistances

1,0310 - 1,0350

Supports

1,0260 - 1,0200

more information on USD/CAD - US Dollar Canadian Dollar Click Here

EUR/CAD - Euro Canadian Dollar

1,5088. EUR CAD is in an uptrend supported by 4H exponential moving averages. EUR CAD is in a consolidation after the last bullish movement. The volatility is high. Bollinger bands are deviated. 1H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR CAD. 4H ForexSto (Modified Stochastic) crosses and gives a positive signal. The consolidation should continue. The price should continue to move in 1,4900 / 1,5200 range. We won't take a position. The risk/reward ratio is too high to take a position..

Resistances

1,5140 - 1,5200

Supports

1,5050 - 1,4975

more information on EUR/CAD - Euro Canadian Dollar Click Here

Currency Majors Technical Analysis - Asian Session
 

Related Articles

Lloyds TSB Corporate Markets
Daily Technical Strategy   By Lloyds TSB Corporate Markets - Jan 05, 2009

EUR/USD:Broader themes may have to take a back seat for a couple of weeks, but the bias remains broadly dollar negative. Re-try a small buy against 1.3430 support, stop 1.3380,...

Currency Majors Technical Analysis - Asian Session

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.
  • Any comment you publish, together with your investing.com profile, will be public on investing.com and may be indexed and available through third party search engines, such as Google.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Apple
Continue with Google
or
Sign up with Email